SINGAPORE India's overall fuel demand will rise by more than 4% a year to 2030 as the country's improved road transport network stokes demand for gasoil, the head of oil and gas group Nayara Energy said on Tuesday.
SINGAPORE Asia's spot premium for 380-centistoke (cst) high-sulfur fuel oil (HSFO) is expected to ease gradually from its recent record highs as shippers adopt cleaner marine fuels next year to meet new, tougher rules on emissions from ships.
SINGAPORE When new global rules limiting the amount of sulfur in shipping fuels were announced, marine gasoil (MGO), a type of diesel fuel used on ships, was declared the early winner since most types readily met the new 0.5% limit on sulfur content.
SINGAPORE, Sept 5 Asia's spot premium for marine
fuel benchmark 380-centistoke (cst) high-sulphur fuel oil (HSFO)
has touched record highs this week as shippers clamoured for
limited supplies ahead of a sulphur cap in shipping fuels that
starts next year.
SINGAPORE More Asian gasoil is expected to head to Europe as buyers take advantage of the biggest seasonal price gap between the two regions in at least seven years to build up stocks ahead of a switch to cleaner marine fuels, traders and ship brokers said.
* Weakened global economy, poor fuel demand could weigh
SINGAPORE Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulfur fuel oil (HSFO) ahead of a shift to cleaner marine fuels next year.
SINGAPORE, Aug 22 Oil prices rose on Thursday
following a drawdown in U.S. crude inventories, but gains in
fuel inventories and persistent concerns over the global economy
and future demand outlook capped gains.
* Traders look to U.S. inventory data
(Adds comment, updates prices)
SINGAPORE Asian jet fuel buyers are paying the highest cash premiums for this time of year since 2013 amid a short-term supply shortage, but the values are likely to fade as late summer travel demand slumps in coming weeks and refiners ramp production back up.